NMB Bank’s FPO gets listed in NEPSE; Right shares of 2 development banks also get listed

NEPSE has listed the FPO of NMB Bank Limited and the right shares of Bhargav Bikas Bank and Karnali Development Bank. The shareholders holding the shares can involve in the transaction of the shares in the secondary market.

1,14,15,163 units FPO of NMB Bank Limited (NMB) has been listed in the secondary market. The bank had issued the shares at Rs 333 per share (premium of Rs 233 included). After the issuance of FPO and 15% bonus shares, the paid-up capital will reach Rs 8.74 arba.

21,12,000 units right share of Bhargav Bikas Bank Limited (BHBL) has been listed by NEPSE. The development bank had issued 10:8 right shares for its shareholders.

Similarly, 33,97,500 units right shares of Karnali Development Bank Limited (KRBL) has been listed. The development bank had issued 225% right shares for its existing shareholders.

Also, 9,12,912 unit shares of Kabeli Bikas Bank Limited (KEBL) has also been listed in NEPSE. The existing shares of Mount Makalu Development Bank has been listed as the shares of Kabeli Bikas Bank after the completion of acquisition of Mount Makalu Development Bank by Kabeli Bikas Bank

Similarly, 43,96,928 unit promoter shares of Nepal Life Insurance Company Limited (NLIC) has been converted into ordinary shares. After the conversion of the promoter shares, the promoter shares to public shares ratio has been changed to 60:40.